R&D Senior Accounting Manager

6 days ago


San Francisco, California, United States Vaco Full time
R&D Senior Accounting Manager Job Description

Vaco is seeking a highly skilled R&D Senior Accounting Manager to join our team. As a key member of our accounting team, you will be responsible for overseeing the R&D-related accounting close process, primarily focused on Research and Development accruals with the Research and Development Teams in Shanghai and the United States.

Key Responsibilities:
  • Manage the monthly R&D-related accounting close to ensure accurate and timely completion of expenses, prepayments, and deposits, and accrual accounts.
  • Attend R&D project team meetings and review project management portfolio updates to better understand the status of the company's R&D programs to better facilitate the R&D accrual process.
  • Review and/or prepare journal entries and related supporting work papers; ensure the quality of work product complies with SOX requirements.
  • Review and analyze invoices, read contracts, and compare/reconcile data to POs, budgets, SOW's, and/or work orders to determine the appropriate accounting treatments.
  • Prepare R&D contract accounting analysis for the R&D contracts and supporting associated PO's and SOW, to ensure proper accounting treatment for the accruals and prepaids.
  • Prepare and review the R&D budget tracker workbook and ensure appropriate accounting estimates in the R&D tracker.
  • Develop and maintain R&D accruals using various methodologies including % of completion, FTE reimbursement rates, etc.
  • Prepare R&D fluctuation analysis by segments (e.g., subsidiaries, programs, phases, etc.) as well as R&D-related general ledger account fluctuation analysis on a monthly basis.
  • Review and/or prepare general ledger account reconciliations and other R&D analyses requested by management on a monthly basis.
  • Liaison between the R&D project teams and FP&A team regarding the monthly R&D Research accruals under review; guide the proper accounting treatment of R&D-related transactions.
  • Coordinate with the Head of Finance and Controller in China and other accounting U.S. team members in identifying, researching, and documenting significant accounting matters.
  • Manage the quarterly review, interim, and year-end audit, and tax requirements related to R&D-associated activities; drive closure of any internal/external request/open items on a timely basis.
  • Identify opportunities to reduce the R&D-related accounting close cycle, enhance existing procedures.
  • Assist the Controller and other members of the accounting team on ad hoc projects, as needed.
Requirements:
  • BA/BS degree in accounting; CPA preferred.
  • 8+ years of progressive experience (combination of big 4 in Biotech clients with expertise in auditing R&D accounts and clinical stage biotech/pharma industry experience) - Highly preferred.
  • Experience with Netsuite.
  • Strong work ethic and ability to thrive in a complex environment handling different R&D programs of various affiliates and subsidiaries.
  • Able to work with a high volume of transactions in a fast-paced environment.
  • Results and goal-oriented mindset with an opportunistic eye toward process improvements.
  • Excellent communication and written skills and collaborative mindset with FP&A and the R&D scientific project owners.


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